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PRESS DIGEST-Canada - May 29
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PRESS DIGEST-Canada - May 29
May 29, 2024 2:50 AM

May 29 (Reuters) - The following are the top stories

from selected Canadian newspapers. Reuters has not verified

these stories and does not vouch for their accuracy.

THE GLOBE AND MAIL

- Ag Growth International ( AGGZF ), a maker of grain

handling equipment, turned down a bid from an industry rival

priced at a 35 percent plus premium, Globe and Mail reported on

Tuesday, citing a source familiar with the process.

- Bank of Nova Scotia ( BNS ) expects high interest rates

to take multiple quarters to ease, leaving customers with little

relief, as risks mount for defaults in variable-rate mortgages

and car loans.

- Riot Platforms ( RIOT ) said on Tuesday it has offered to

acquire all outstanding shares of Bitfarms ( BITF ) for about

$950 million in total equity value, even after a private

proposal was rejected by the crypto miner's board last month.

(Compiled by Bengaluru newsroom)

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